Bonds and Agreements

When a
land development project is initiated in Fairfax County, improvements to
the public infrastructure, such as streets, sidewalks, utilities and other bondable
items may be required.

In order to guarantee the work is completed per the approved
site-related plan and in a reasonable timeframe, the developer must enter
into an agreement with the county and post a security, or “bond.” In the
event the developer defaults, the county utilizes the bond money to
complete the public improvements.

Life of a Bond

The bond is active over the life of the project and will be returned to
the developer, or “released,” when the public improvements have been
satisfactorily completed.

Alterations to a Bond

If the project runs out of time, an “extension” may be requested.
A bond “reduction” may occur when some of the public improvements are
complete while others are still outstanding. When a project
developer changes during the course of construction, a bond “replacement”
may be requested. To learn more, follow the links below.